Latest articles from Angus Peters

Taylor Wimpey builds synthetic equities to tackle volatility

Taylor Wimpey builds synthetic equities to tackle volatility

The pension scheme of housebuilder Taylor Wimpey has undertaken a widespread derisking programme, strengthening existing hedges while converting physical equity investments into a synthetic, volatility-dampening exposure.

Could hybrids solve the pensions adequacy problem?


What models could have delivered the retirement outcomes Generation X deserves, and could elements of income security rescue future generations at risk of being let down by defined contribution?

Industry unconvinced by MPs' funder of last resort concerns

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Amendments to the pension schemes bill requiring member representation on mastertrust boards and a funder of last resort have been rejected by the House of Commons, amid concern from opposition politicians about a lack of oversight.

John Laing targets speedy return to full funding

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The John Laing Pension Fund has agreed a recovery plan worth £171m to be paid over seven years by its sponsor, infrastructure investor John Laing, following an actuarial valuation.

Better trusteeship key to any future DB plans

Efforts to improve the level of experience and competence of trustee boards must not come at the expense of diversity, politicians have warned, as dealing with groupthink remains a key concern in defined benefit pensions.

Delays in transfer value process threaten member outcomes

The Pensions Regulator has been asked to look at streamlining the process for providing cash equivalent transfer values, after complaints from advisers that delays in schemes providing necessary information meant members were missing out.

Centrica drills for returns with high-yield allocation

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The Centrica Combined Common Investment Fund, which manages holdings for the energy giant’s pension schemes, has trimmed its exposure to corporate bonds, reweighting its portfolio towards high-yield debt.

CDC could refocus industry on purposeful finance

Refocusing the industry on the purpose of finance could deliver huge benefits to UK pensions, a new academic paper has suggested, as calls were lodged for the resurrection of collective defined contribution.

NICs U-turn puts pension tax back on the table

Philip Hammond has cancelled plans to increase class 4 national insurance contributions for the self-employed, creating a £2bn shortfall in the nation’s accounts between 2018 and 2022, which many fear will be plugged by changes to pension tax relief.

Monitoring key as risk creeps into managers’ direct lending strategies

Increasingly complex models of unitranche loan agreements are being brought to market by managers offering direct lending products, a research paper has found, demanding careful governance from pension scheme investors.